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  • Nov 29, 2014
  • Updated: 2:01am

Kerry Properties

Kerry Properties sees underlying profit fall 6pc

Kerry Properties said underlying profit fell 6 per cent to HK$4.41 billion in 2013 while maintaining it wants to achieve 12 per cent growth in its contracted sales in Hong Kong and on the mainland this year.

Tuesday, 18 March, 2014, 1:14am

Kerry Properties offering discounts of up to 15.8 per cent on new project

Kerry Properties is offering a total discount of 15.8 per cent, including a stamp duty subsidy of as much as 8.5 per cent, to boost sales at The Summa, its residential project in Sai Ying Pun to be launched next week.

After that discount, the average price of the first 50 units at the 168-unit project is HK$22,989 per square foot.

3 Jan 2014 - 3:18pm 1 comment

Kerry looks to spin off logistics operations

Kerry Properties intends to spin off its logistics arm in a Hong Kong listing, the firm said in a filing with the stock exchange yesterday, at a time when global trade is showing few signs of a strong recovery.

1 Aug 2013 - 5:50am

Kerry upbeat on launch of Bayview project in Ma Tau Kok this month

Kerry Properties will launch its residential development Bayview in Ma Tau Kok by the end of this month, the fifth new project offered for sale since the new rule on primary flat sales took effect at the end of April.

26 Jun 2013 - 4:55am

Kerry still targeting HK$6b in sales

Chu Ip-pui, an executive director of Kerry Real Estate Agency, said yesterday an occupation permit for Bayview had been granted and a certificate of compliance was expected within a month. "Then we will be able to release the units for sale in a completed condition."

14 Jun 2013 - 3:49am

Kerry Properties aims for sales of HK$11 billion despite curbs

Kerry Properties has maintained its sales target of HK$11 billion for this year, despite banks raising mortgage rates and the government releasing a series of measures to cool the property market.

Executive director Steven Ho Shut-kan yesterday said the higher mortgage rates, cooling measures and new restrictions on property sales would definitely affect developers' sales strategy.

15 Mar 2013 - 4:37am

Kerry win shows low prices being offered for sites

Kerry Properties has won a Ho Man Tin luxury residential site with a market-expected price of HK$11.69 billion, but the price is 18 per cent less than a neighbouring site sold for nearly three years ago.

14 Mar 2013 - 6:41am

SCMP Group halts trading after shares surge 23pc

In a filing with the Hong Kong stock exchange after the market closed, the company said it was "in negotiation with third parties regarding possible acquisition of a group of media companies in Hong Kong".

19 Feb 2013 - 5:18am

Tax will not hit sales this year, says Kerry

Kerry Properties' three residential projects this year are unlikely to be hit by the new stamp duty, according to Chu Ip-pui, the executive director of Kerry Real Estate Agency.

7 Jan 2013 - 4:31am

Briefs, November 1, 2012

Investors OK takeover bid by News Corp

1 Nov 2012 - 4:48am

Kerry buys prime resort sites in West Lake region

Kerry Properties yesterday snapped up five commercial and residential sites in Hangzhou for 2.5 billion yuan (HK$3.1 billion), continuing its aggressive acquisition of mainland sites in recent months.

20 Oct 2012 - 3:14am

Kerry Properties profits from strong Hong Kong sales

Kerry Properties, a developer of upmarket real estate in Hong Kong and on the mainland, posted 10 per cent year-on-year growth in net profit to about HK$3.39 billion for the six months to June 30.

24 Aug 2012 - 2:47am

Kerry Properties beats expectations

Kerry Properties generated better-than-expected contract sales last year, and has set a contract sales target of HK$10 billion for 2012.

16 Mar 2012 - 12:00am

Storage boom as stores rush in

The accelerating march of international retailers into Hong Kong is sparking strong demand for warehousing space, pushing occupancy rates at logistics centres to record levels, and rents almost back to the peaks of 2008.

5 Oct 2011 - 12:00am

Kerry land bank set to keep growing on mainland

Kerry Properties said yesterday it would continue to boost its land bank for high-end developments in the mainland's top-tier cities after the launch next year of its mega project in Shanghai's Jingan Temple area.

8 Sep 2011 - 12:00am

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